$725K  
The Del Rey Oaks market saw sales remain flat this week with one home sold over the last 30 days but new listings plummeted to two. The median sales price continued to rise, trending upwards for four weeks to reach $695,000. With only one month of inventory to sell, Del Rey Oaks is a definite seller's market, in spite of the flat sales.
Comments:

$725K  
Over the last 30 days, a determined upward trend of new sellers coming into the Del Rey Oaks market continued, with three listings in this week's report. Meanwhile, sales remained flat, with one home selling during the same period. All indications show that the trend may be coming to an end, meaning less new listings over the next few weeks. The median sales price in Del Rey Oaks stayed put this week at $695,000. There are only two months of inventory available in Del Rey Oaks, so it's a strong seller's market, even if sales are flat.
Comments:

$729K  
With one home sold in the Del Rey Oaks market over the last 30 days, we see no change from last week's numbers. However, fewer sellers came into the market in the same time frame, with three new listings for buyers to choose from. Months of inventory continued a steady rise, trending upwards for four weeks to reach two months. With inventory so low in Del Rey Oaks, it's still a definite seller's market, even after taking into consideration the decrease in sales.
Comments:

Del Rey Oaks is a smaller-than-average city in California with a population of 1,624 residents. Also, it has a higher than average density with 3,376.3 people per square mile. Keep in mind, most people in Del Rey Oaks own their homes, with a 69.8% ownership ratio.
Comments:

$729K  
With an established upward trend of new sellers listing homes, including two over the last 30 days, and sales that remained the same at one in that same time frame, the Del Rey Oaks market will be steady. The median sales price of all transactions in Del Rey Oaks did not budge this week, remaining at $460,000. With only one month of inventory to sell, Del Rey Oaks is a solid seller's market, in spite of the flat sales.
Comments:

$899K  
The Del Rey Oaks market pulled back with a 50.0% sales drop in this week's report. Overall sales numbers for the last 30 days fell below the 2.0 monthly average with one home sold. On the other hand, close-by Salinas registered 64 homes sold in the same time frame, the most of all surrounding cities. Potential buyers should note that prices went up in Del Rey Oaks, with the median for this period rising from $454,750 to $460,000. Despite the slip in sales, a relatively low one month of inventory indicates that Del Rey Oaks is a strong seller's market.
Comments:

Home sales ticked up to two homes sold over the last 30 days, providing good news to the Del Rey Oaks market. That may continue, due to a three-week upward trend for contracts, with one in the same time frame. All indications show that the trend may be coming to an end, meaning less pending transactions over the next few weeks. Prices are rising in Del Rey Oaks, and the median sales price this period increased from $449,500 to $454,750. The rising contracts and a low one month of inventory mean that Del Rey Oaks is a definite seller's market.
Comments:

The Del Rey Oaks market saw sales remain at one home sold over the last 30 days, with a new upward trend of new listings, as zero came into the market in the same time frame. All indications show that the trend may be coming to an end, meaning less new listings over the next few weeks. The median sales price of all transactions in Del Rey Oaks did not budge this week, remaining at $449,500.
Comments:

The number of homes coming into the Del Rey Oaks market stayed firm with one listing over the last 30 days, while sales remained right where they were as once again one home was sold over the same period. The median sales price in Del Rey Oaks stayed put this week at $449,500.
Comments:

Del Rey Oaks has a cost of living adjustment score of 143.8, which is expensive when compared to others in California. Also, the area is considered affluent with a median income of $69,683 per household. Homes in Del Rey Oaks are older than most with a median age of 51 years.
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